Pacer iPath Gold Trendpilot ETNs
PBUG
New York Stock Exchange Arca- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Pacer iPath Gold Trendpilot ETNs (PBUG) is an exchange-traded note (ETN) issued by Barclays Bank PLC that provides exposure to gold prices through a proprietary trend-following strategy based on the Goldman Sachs GSCI Gold Trendpilot Index, which tracks gold futures when the six-month performance is positive and shifts to short-term interest rates otherwise; it features a scheduled maturity date with cash settlement based on the indicative value at valuation, unsecured senior debt obligations of the issuer subject to credit risk. The ETN, launched in June 2021 through a strategic collaboration between Barclays and Pacer ETFs Distributors, LLC, offers investors a rules-based tool for potential volatility hedging in commodities-focused portfolios without direct physical gold ownership or futures trading. Barclays, headquartered in London, United Kingdom and founded in 1690, operates globally across investment banking, wealth management, and capital markets, issuing various iPath ETNs linked to commodities, equities, and volatility indices for institutional and retail investors primarily in the United States and Europe. In June 2025, Barclays announced and executed the full redemption of multiple iPath ETN series, including provisions under amended indentures allowing issuer call options following tender offers and consent solicitations; while specific confirmation for PBUG's inclusion is not detailed, this reflects Barclays' ongoing portfolio management of legacy ETNs approaching maturity or redemption dates around mid-2025, with valuation occurring five business days prior to redemption for cash payments based on closing indicative values. No recent funding rounds, acquisitions, or new product launches specific to PBUG have been reported since its 2021 debut, though Pacer ETFs has expanded its broader lineup with strategy-driven funds targeting cash flow yields and growth leaders amid surpassing $40 billion in assets under management. The ETN trades on U.S. exchanges like NYSE Arca, targeting sophisticated investors seeking gold-linked returns with trendpilot mechanics amid commodities market fluctuations.